Down Payment Assistance Blog

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Happy Holidays from Down Payment Assistance of Arizona

All of us at Down Payment Assistance of Arizona would like to wish you a Merry Christmas and a Happy New Year! We would like to thank you for making 2018 a great year and for the privilege of helping you purchase or refinance your home. We hope that 2019 is a year full of […] READ MORE

Know Who Is At Your Door with a Smart Doorbell

The holidays are upon us and that means more packages arriving at your front doorstep.  In 2017, it was reported that 74 percent of packages were stolen from the front porch during the day while the homeowner was at work. Technology advances can improve the security of your home.  Adding a smart doorbell is not […] READ MORE

Sewer Line Warranty: Is it Worth the Money?

I get a water line insurance offer at a minimum of once a year.  They tend to come in the mail and look like an “official” notice from your local water company saying something like: “Important Information Regarding Your Water Service Line. Response Requested Within 30 Days.” Many homeowners open the letter because the outside […] READ MORE

So You Want to Be a Snowbird?

Each year, many people migrate from colder regions of the United States to spend the blistering cold months, somewhere warmer.  In Arizona, snowbirds are as common as cacti, gorgeous sunsets and desert wildlife. If you live in a cold winter climate you can understand why there is such an appeal to being a snowbird.  No […] READ MORE

5 Reasons to Talk to a Loan Officer Before Buying

How do you begin one of the hardest decisions in your life?  I’m talking about becoming a first-time homebuyer.  There is an overload of information both online and when you ask friends or family how to start the home buying process.  Most people don’t see a lender before they start going to open houses and finding a […] READ MORE

How Long Does It Take to Close on a Mortgage?

When you ask, what you think is a simple question, “How long does it take to close on a mortgage?” You might expect a simple answer, but in truth, that simplicity you are seeking in an answer is nearly impossible to give.  There are so many determining factors that you should know about. Closing time […] READ MORE

What are the Major Motivations for Refinancing a Mortgage?

For a multitude of economic reasons, refinancing your mortgage loan could be the perfect solution to help you save a few pennies this year.  Your savings will go well beyond just easing up on the monthly mortgage bill.  We recognize that rates have gone up since this time last year; rates are still historically low. […] READ MORE

What’s the Five Year Rule for Buying a House?

When you consider your home purchase, there is an unspoken rule that plants a seed that you should stay in your new home for at least five years.  Otherwise, you’re probably going to take a hit financially, but like many things in life; the Five Year Rule is not a hard and fast one. It may […] READ MORE

The Underwriting Process

Applying and obtaining a mortgage is an intricate process.  There is a lot going on behind the scenes that you might not be aware of. Take One:  The completion of the loan application. Take Two: Application sent to loan processing. Take Three: Application goes to the underwriting department. Sounds as easy as one, two, three, […] READ MORE

5 Best Mortgage Calculators

When it’s time to finance your home, you will discover that mortgage calculators are a great resource.  We have all seen our fair share of mortgage calculators over the internet,  once you start your search for the perfect home, mortgage calculator ads pop up, and there are many to choose from.    But do you know […] READ MORE

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